Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring

Stocks CNBC By CNBC 01 Oct 2026 21:34 1 min read
Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring

Nike is expected to post another quarter of declining sales as the company tries to turn around its business and regain growth in China.

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  • Nike, Inc. is down 3.4% since this was published, 3 days ago.

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